Marko Kolanovic: Don’t Fear The ‘Broadly Advertised’ Rebalancing Story

"There will be no monthly selling, and indeed there could be buying of equities into month-end," JPMorgan's Marko Kolanovic wrote Thursday, amid fairly loud (albeit not shrill) chatter around the prospect of rebalancing flows working against stocks in the very near-term. For Kolanovic, the standard rebalancing narrative lacks sufficient nuance. He doesn't put it that way, but his take is more textured than what he described as "broad advertising of some ‘massive month-end selling.'" Investors